A recent survey found that "54 percent of Canadians like preparing to file their taxes," and that "57 percent say their files are organized throughout the year." The results would indicate that our friends to the north are a bit off, pathological liars or maybe it's because they're actually capable of having a sense of humor about the whole process. [CGA]
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Paying Too Much for Tax Preparation Is Like Shooting an iPad with a Shotgun
Sayeth FreetaxUSA.com:
Aside from paying too much for tax prep services, it should be noted that the IRS is certainly equipped to treat your iPad the same way if you have an unpaid tax liability. Ask Young Buck. He’ll tell you.
[Thanks, Tax Docket]
Chris Tucker Is Making a Run at Nicolas Cage-Level Tax Trouble
Maybe! CT owes the Treasury $11.5 million for back taxes, according to reports. This covers the 2001-2002, 2004-2006 tax years.
This sum nips on the heels of the $14 million that Nic Cage paid the Feds last year (and the $3.8 million he owes California for this year). In addition to the sum due to Shulman & Co., Tucker owed California $3.5 million last year, so, clearly, we’ve got ourselves a race here.
The difference is that NC has been working, which gives him a glimmer of hope of being in full compliance.
Tucker hasn’t been in a film since Rush Hour 3 in 2007 which, as some have pointed out, may be extremely good news for fans of that particular franchise.
Tax and SEC Deadline Watch: Are You About to Get Your Life Back?
Doubtful!
But it is March 15th and corporate return extensions are being submitted en masse. Tomorrow is also the deadline for accelerated filers to submit their 10-Ks so auditors that are borderline delirious (and probably feeling frumpy) might get more than four hours of sleep this week.
For you tax jockeys, today could mean a couple of things: 1) this is a bump in the road and your life will be even more hectic as your deadbeat clients who are now realizing that April 15th is coming up fast or 2) you don’t touch anything that isn’t an 1120 and you’re in the clear for awhile.
And for you auditors, hopefully you haven’t forgotten our little teaching lesson from the previous deadline? Try and catch all the embedded “f*cks.” And hey! E&Y is still having Canadian Tuxedo Fridays for a couple more weeks so that’s something to look forward to, amiright?
Yes, there are some of you out there that are still billing monster hours with no end in sight. But look at this way, if you haven’t quit by now, you’re in it to the end, so you better just read this reminder from Deloitte and get back to it. It’ll be over soon enough.